Canterbury, Merrimack County, New Hampshire Property Taxes

Name: Property Tax Bills Across Canterbury, Merrimack County, New Hampshire
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Canterbury, NH effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the New Hampshire state median of 1.91%.
Median Canterbury, NH home value: $312,382
Median annual Canterbury, NH tax bill: $6,477, $4,077 higher than the national median property tax bill of $2,400.

How are property taxes in Merrimack calculated?

Property taxes in Canterbury, NH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Canterbury’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canterbury, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Canterbury, Merrimack County, New Hampshire Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.08%

Estimate Property Tax Bill

$6,498

$6,030

Ownwell’s Canterbury Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Canterbury with just two data points. By entering your property's estimated assessed value, our calculator applies Canterbury’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Merrimack County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Canterbury, Merrimack County, New Hampshire

Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Canterbury, located in Merrimack County, NH, the effective property tax rate is 2.08%, which is significantly higher than the national median property tax rate of 1.02%. This places Canterbury on the higher end of the spectrum compared to other cities in New Hampshire and the U.S. This high rate reflects the county's budgetary needs and the value of taxable properties. Understanding these rates can help property owners in Canterbury anticipate their tax obligations and explore potential savings through appeals or exemptions. With property tax bills being a significant expense, staying informed about local tax rates is crucial for financial planning.

Property Tax Rates Across Canterbury, Merrimack County, New Hampshire

Source: Ownwell

1.14%

2.18%

3.23%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Canterbury Tax Rate

2.08%

Median Effective Merrimack County Tax Rate

2.44%

Median Effective New Hampshire Tax Rate

1.91%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canterbury, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
03224	2.08%	2.08%	2.08%	2.08%	2.08%

Source: Ownwell

Property Tax Assessment Values Across Canterbury, Merrimack County, New Hampshire

When examining property taxes in Canterbury, NH, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Merrimack County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Merrimack County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Canterbury. For example, the median home price in Canterbury is $312,382, with tax bills ranging significantly across the county. Zip code 03224 has the highest median home price at $312,382.

Property Tax Assessment Values Across Canterbury, Merrimack County, New Hampshire

Source: Ownwell

$166,400

$284,850

$403,300

Median Canterbury Market Value

$312,382

Median Merrimack County Market Value

$264,400

Median New Hampshire Market Value

$299,765

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canterbury, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
03224	$202,760	$250,650	$312,382	$388,100	$463,878

Source: Ownwell

Property Tax Bills Across Canterbury, Merrimack County, New Hampshire

In Canterbury, located in Merrimack County, NH, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $312,382, and the tax bill can vary significantly based on the property's assessed value. For instance, the tax bill for the 25th percentile is $5,210, while for the 75th percentile, it's $8,067, and it reaches $9,649 at the 90th percentile. The median tax bill in Canterbury is notably higher than the national median tax bill of $2,400, reflecting the area's specific tax rate and property values. This can significantly impact homeowners, affecting their annual budgeting and financial planning. However, Ownwell can assist homeowners in Canterbury by evaluating their property assessments and identifying potential errors or opportunities for exemptions. By appealing these assessments, homeowners may reduce their tax liabilities, ensuring they only pay their fair share. This service can lead to substantial savings, making homeownership more affordable in the long run.

Property Tax Bills Across Canterbury, Merrimack County, New Hampshire

Source: Ownwell

$3,558

$6,561

$9,564

Median Canterbury Tax Bill

$6,477

Median Merrimack County Tax Bill

$6,194

Median New Hampshire Tax Bill

$5,895

Median United States Tax Bill

$2,400

Property Tax Bills Across Canterbury, Merrimack County, New Hampshire

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
03224	$4,217	$5,210	$6,477	$8,067	$9,649

Source: Ownwell